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CNBC
Sep 4, 2012 4:00am EDT
looking to add five points. s&p barely in green. take a look at what mood we've been looking at across the globe. fractionally negative, down 0.16% but the cnbc ftse global 00. european markets digesting drag draghi's comments yesterday but the reaction in equities much more muted. ftse 100 is down 0.3% after construction figures. ibex is up 0.5%. the mirror image of yesterday. >> spanish bond, the key indicators. they are lower this morning than where we were at this time yesterday. post those draghi comments reported in parliamentary meeting. italian yields lower. ten-year gilts still up on the session. as far as currency markets are concerned, aussie/dollar steady at 100.252. friday we hit the high, 1.2690. that's where we stand in europe. we have all the detail on the asian trading session. >> a risk for asia worsens coming ahead of pressure from the ecb meeting and more data from china. shanghai finished as three-year low. industrials, developers and bankers with losses. beijing announced to set up two more economic zones in chengdu. south goalby shares down 6.5% after chalco drop
CNBC
Sep 21, 2012 4:00am EDT
up to be the first on the planet to get their hands on the new iphone 5. oh, yeah, 5's alive. there's been a bit of an issue about -- >> french workers striking at the iphone stores in paris. i would imagine apple is one of the few places where you do have some war gainifwa bargaining po days. p. >> silvia will join us and get the view on the spain sticky situation. >> and job cuts in europe. reports of just 30% will have to go and we'll get an expert view from the region. >> plus it is iphone friday except in paris where the striking workers may delay consumers from getting their hands on the latest model. >> and shifting into high gear in singapore ahead of the grand prix. and finance minister saying the country has no intention of asking for help from the bailout funds. today mar yonti will host leaden rome. and let's get out to silvia who is covering the story for us. what's the purpose of this event and can you tell us what we might expect to hear from the leaders this weekend? >> well, we get one meeting after the other. ever since we came back from the summer break, this is a j
CNBC
Sep 6, 2012 4:00am EDT
lot of speculation as to whether, as you pointed out, the s&p may be raising the cap. that may be speculation that traders believe that the ecb's new bond buying program will finally be the effective one to calm the market and that would slow the safe haven flows into the swiss. whatever the reason is, we're certainly going to be watching the euro swiss here when mario draghi takes the stage today, karen. >>> thank you so much, carolin. >>> onto the airlines space. new alliance between two major carriers may trigger an industry rethink. matthew turner has this report. >> it's been rumored for months but today emirates reached a ten year agreement that will coordinate their plans. qantas will move to dubai. they'll fly through to the european destinations. qantas will be between sing ga for and frankfurt and end its agreement with british airways. they've been looking for an alliance for some time. >> for at least a decade now qantas has been trying to do a big deal with a major hub carrier. this is the biggest deal we've ever done. this is going to be the biggest deal we'll ever d
CNBC
Sep 25, 2012 4:00am EDT
. elsewhere the kospi was dragged lower by health care, tech shares and steel makers. s&p also lowered south korea's 2012 gdp forecast. meanwhile miners again took the shine out of the australian market with a benchmark asx 200 losing about 0.3%. back to you. >> thanks very much for that. here in southern europe, people are cutting back on their coffee due to to the economic downturn. consumption is down in italy and spain to levels not seen for the past five or section years and that in turn is driving the price of coffee lower. this according to the financial times today. it makes us wonder what do you cut back on in economic times, tough economic times some do you still need your daily caffeine boost? two pounds a day going out for a latte every morning can add up. join the conversation here on "worldwide exchange." you can e-mail us, fwooet us @cnbcwex or reach us directly. actually, on wednesday, we have an exclusive interview with twitter ceo. what do yyou want to hear from him in use the hash tag ask twitter. your questions will air wednesday. now over to ross. >> forget the cof
CNBC
Sep 27, 2012 4:00am EDT
. dow jones implied to add about 34 points. nasdaq and s&p also pointed higher. 1431 the level to watch on the s&p 500. but take a look at what's been happening across the globe. because rebound initially has given way to cautious mood. china versus spain. up a quarter of a percent on the cnbc global 300, but if we show european bourses, for the most part we're barely hanging on to gains. xetra dax up a third of a percent. cac 40 which is down sharply yesterday adding a third of a percent this morning. ibex 35 which was also one of the indexes majorly in the red yesterday now looking to shed another three quarters of a percent. >> so let's take a look at the key thing with the bond yields at the moment. and currently markets up. euro-dollar 1.2873. the low we hit yet, 1.2835. the point is we're still around the 6% mark for ten year spanish yields. we have big focus in italy in the next half than hour because they're auctioning 2 to 3 billion of five year and ten year b it tps. already this week we've seen with italian auctions yields have come down since the auctions in august. so we'll
CNBC
Sep 18, 2012 4:00am EDT
industrial average is expected to open lower by about a 35 points. nasdaq pointed lower by about 7. s&p 500 also looking to shed a couple of points. quek lo quick look at the theme broadly consistent. global 300 lower down by about 0.3%. european bourses, we'll see how the major ones are trading, red is the theme. ibex 35 down 1.5%, so we're actually seeing what started off as a muted risk tone now pick up momentum. >> good news for spain, though. they raised the money they want first time since march more than 3.5 billion. and as a result actually better reaction to spanish yields. you can see they have could back. in the uk, inflation numbers ticked down as expected on the annual rate of cpi. they're saying the commodities boom is over. dollar-yen steady. euro-dollar trying to hold on to gains. we've rallied 9% in euro-dollar since july when we hit 1.2042. let's get the recap in singapore. >> shanghai composite fell another 1%. the hang seng came off it 4 1/2 month high. falling commodity prices and energy plays on both the shanghai and hong kong markets. tensions between china and
CNBC
Sep 5, 2012 4:00am EDT
account by about 35 point. nasdaq, s&p 500 are also in the red this morning a bit of a bigger move than we've seen with indecks in the last couple weeks. part keying off attitudes we've seen in markets overnight. let's take a look at cnbc ftse 100, down spurred by parts of asian demand, the fedex profit warning we've talked about, or change in guidance, that is, european markets for their part are also in red. ftse 100 down despite better tone. xetra dax down 0.3 trs. it's unusual for us to see all the vorcies doing the same thing. >> that eurozone pmi is coming out, nudged down from the flash number. what's the impact on the spanish bond yield? they are lower than we were two days ago. we start off 6.61% is where we stand. italian lower than where they were, 5.71%. the big move on two-years yesterday, post the discussions draghi apparently had with meps suggesting there was going to be a bond-buying program. spanish yields today are slightly higher, 3.25%. and in italy, 2.81%. there's been a big rally in the two-year. if the ecb are going to do any buying it would be at the shorte
CNBC
Sep 14, 2012 4:00am EDT
for the s&p 500 and nasdaq. nasdaq from its era bubble highs. small caps posted its fifth highest closing level on record. take a look at what's happening in europe. we've largely seen a follow-on from that positive mentality. 1.5% ftse 100 adding this morning. same for xetra dax. cac 40 up nearly 2%, ibex up better than 2% to a level of 8108. and that just gives you a sense of the rally. we're seeing european banks in particular are outperforming this morning. here anywhere from bbba adding 2.25% to, even unicredit, some of the italian banks. french banks adding in the range of 2% to 3%, as well. ross, apparently the potential for having low rates much longer which would put pressure on their net interest margins is overwhelmed by the fact that simply better growth prospects generally are boosting prospects today. >> absolutely. and it's commodities that have been flying. as far as bond markets, we're containing spanish bond yields. they have nudged down this morning getting down towards below 5.6 beginning of the week. here we go, italian bond yields auction yesterday, yields ba
CNBC
Sep 10, 2012 4:00am EDT
be much more successful than the s&p. >> okay. steven stays with us. p. >> and we'll have more from the forum including italy's economy minister. >> and ross is out still then it's on to zurich where we find on if the last ditch effort to save the glencore deal will be enough for shareholders. >> and then a stop in japan. plus we will head to houston for a discussion of the sale of $18 billion worth of aig shares. a move that would make the u.s. government a minority shareholder. >> the world's second largest economy is slowing according to data released over the weekend. china's trade surface widened after an unexpected drop in imports. on sunday industrial production figures showed the country's factory production expanded at its slowist race since may 2009. soybeans and copper also slipped from a month earlier. the man widely expected to become china's next president is pushing for greater political economic reform. local reports say he met and is partially open to relaxation of political controls. chief china economist joins us now for a bit more on these figures. just give us y
CNBC
Sep 20, 2012 4:00am EDT
pointed lower by about 35, the nasdaq by about 5, s&p 500 looking to shed a couple points this morning, as well. take a look at the bigger picture. cnbc ftse global 300 i think can give you a sense of that. down half a% this morning. and again, we've seen more of a selloff here as weaker figures, whether that's the chinese figures or the european figures hit and people digest just what this means for the growth outlook. the major european bourses are still in the red. ibex 35 is now down 0.7% after spain's august. only down less than half a% before that auction. the cac 40 down three quarters of a percent after disappointing reads on french factory activity. germany down 0.4%. ftse 100 down 0.6% despite firmer read on retail sales than expected. august did still show a decline give back. spain in particular, the ten year is at almost 5.75%. not too much of a move, but after it did auction off three and ten year debt, significantly lower yields than the last go around, but still maybe not low enough. the three year in particular if we can flip over to the spanish curve, bid to cover was
CNBC
Sep 19, 2012 4:00am EDT
. the nasdaq pointed higher by about six or seven. s&p 500 is looking to add a few as well following a pretty mixed day, a quiet session for the most part in the u.s. yesterday. the mood across the globe, we can take a look. ftse is lower. >> we have seen benefit for spanish bond yield today for the bank of japan. they're trying to get below 5% for italy as well. not a huge reaction, but they are slightly lower on the day. there's a perception that maybe we will get more qe in november when the comp program runs out. sterling dollar steady. aussie dollar down at 1.0443. dollar rebounding against the yen after those moves from the bank of japan. euro/dollar maintaining, 1.30, as you can see. the big sharp falls in oil prices. we were at 117 before we got that extraordinary few minutes of trading. spot gold slightly high. that's where we are two hours into the trading session here in europe. let's remind you what's happened. li sixuan has more for us. >> asian markets ended in the green following the boj's expansion of its asset purchase program. the nikkei at its four-month high. some
CNBC
Sep 17, 2012 4:00am EDT
do the down s but it's on the backs of pretty good moves. last week the ftse 100 up 2%. dax last week up 2.7%. 52 week high, up 25% for the year. this is where they stand right now. xetra dax is flat. the cac 40 down just around 0.3% ibex at the moment down around 0.4. bund yields hit 11 week highs on friday. quite a big selloff. today they're trying to reclaw. yields back down to below 1.7%. ten year spanish yields, last week down to a near 5 1/2. this week 5.9. ten year italian yields back over 5%. treasury yields steady at the moment. 1.68. we talked about the currency markets. euro-dollar there, we hit the four month high on friday. 1.3092, a little weaker. dollar-yen down to seven month lows. we're at 78.35. aussie dollar got up to 1.06, somewhere around there, on friday. just below it, the dollar index of course is down at seven month lows. we will talk about the dollar and commodities in a few moments time. let's low before we do all of that, kelly -- >> for those of us who still have blackberries, new yahoo! ceo promising their choice of a smartphone to employee as. black
CNBC
Sep 11, 2012 4:00am EDT
jones industrial average implied to open higher by about 16 points. so not a major move. nasdaq, s&p 500 also looking to add a couple of points. muted gains following a session where we've really rely seen choppy activity. take a look at the cnbc ftse global 300. we've been up, lower. it looks far more volatile than it's felt. burberry weighing on after warning of its outlook. cac 40 down a third of a percent. retail weighing on the broader performance. even the ibex 35 showing weakness, down 1.2%. >> feels like in the same pattern of yesterday. markets trading a little lower. still waiting for some really crucial events for the week. in the bond markets, we he do see yields in germany moving lower. a bit of a flight to safety, i suppose. the bund at 1.525%. a quick look at the uk bond markets, the gilt ten year debt 1.733%. let's move on and take a look at what's going on in the information rest space. previous government fell apart around austerity. euro up by 0.# 4% against the dollar. so just pushing above the 128 handle. dollar-yen 78.02. the aussie dollar gaining back a good bi
CNBC
Sep 26, 2012 4:00am EDT
, great. and against that backdrop, a new s&p report just out is talking about how europe corporate defaults are rising as eurozone woes are rising, especially when you look at the glut of credit markets. to talk more about this, we're joined now by paul cavanaugh. an ugly day in the markets. what's going on? >> well, we've had such low volatility through september. i saw a five-day historic volatility measure of one, which is the last time we've seen and that was 2006. >> 2006. >> 2006. let's put it into context. markets around the world haven't had a bad year. the dax is up 20%. >> 25%, i think. >> so we're seeing a little bit of a correction today. but we're in a phase where we're dealing with tangibles and the intangibles. will his plan work? will he gate bailout from spain making that request? will qe work in the u.s.? a lot of intangibles there, which i think markets will fret about. >> would you describe this as consolidation after the rally that we've seen, or would you describe it as the beginning of a period of more volatility and investors should be more concerned? >> i t
CNBC
Sep 13, 2012 4:00am EDT
the currency markets they have a very bad habit of going through them and i think the s&p is very aware of that and don't want to at that time additional risk of changing the floor. >> some saying is this floor needed given the rebound in market sentiment lately around the euro. what's your view? >> i think it is needed. the proof is in the pudding. the economy in switzerland has held up remarkably well. the inflation level has bottomed out in q2. and we're starting to see sort of an easing in the swiss franc. so while we're seeing significant weakness in europe, switzerland has held up resoundingly well. and i think that's proof that the s&p was correct in their decision. >> the dollar has been weaker across board. four month lows against the pound and euro. seven month lows against the yen. is it now all in the price? what happens? >> i think it's still being debated. i think if you just cruise through the general analysts view, there's still expectations that bernanke's not going to pull the trigger on additional asset purchases this afternoon. so i think there's some doubt. ou
CNBC
Sep 7, 2012 4:00am EDT
buying program. shanghai led them higher by 3.7%. infrastructure stocks surgeri s. brokerages soared on reports regulators are planning to reform the current stock dividend tax scheme. strong gains in blue chips sent the hang seng higher by 3%. the nikkei marked best showing in about five months, helped by industrials and financials. nomura rose 5.4% as investors reacted to the new $1 billion cost saving plan. seoul shares had the best day in six weeks. ship builders rallied 5%. samsung gained 4.5%. aussie market recovered from one-month lows led by gains in miners but those gains were cut by weakness in banks. lastly, sensex higher by 1.7% at the moment. >>> joining us in studio is kathleen brooks, research director at forex.com. before we get her reaction, we want to get out to ross in lake como, italy. tell us what you're over there for. >> we the amazeti forum, used to be italian industrials but mario monti is coming, we've had ecb politicians, last year mr. trichet, and business leaders and a big boost for the european economies and done in this most delightful setting on
CNBC
Sep 12, 2012 4:00am EDT
also interesting s is -- nobody's talked about greece. presumably, we still can't contain -- we still don't know how that will pan through. >> certainly the omt is designed as fire wall for italy and spain. given it's not really in place in terms of are they actually applying for assistance and do they accept the conditionalities and we don't know what the conditionalities are going to be. it seems likely. nevertheless, it's gone very quiet around greece. greece must stay in at pretty much any cost line has been largely dropped. >> and we're just playing a game here. they will keep fudging. greece will change some conditions. greece will continue to meet them. >> without a resolution that is fundamentally the name of the game. >> we're still listening. as soon as we have the ruling, silvia will come straight to us. she's listening to this ruling. >> the market reaction as we wait for detail here, ross, has been a bit sporadic. we're seeing the risk gradually come on. the german constitutional court has begun reading its verdict. silvia is listening in. >> if they're reading to t
CNBC
Sep 28, 2012 4:00am EDT
specifically at raising asset prices and it sully tactually s was. anybody who thinks it will have a knock on effect really has been proved wrong. and if that's what he's referring to, then, yeah, absolutely. qe is not working. about about there's massive liquidity, it's reducing the cost of capital. that will in time reduce the equity risk premium. >> are some of the banks lending mo more, mortgage rates coming down? >> rates tonight have to codon'n for the banks to want more. the classic way is to widen the spread it is for bank lending. if funding for lending does that, even ostensibly because it's supposed to make more lending available but its only benefit is to widen bank margins, it will still make more credit available to the economy and that's what people have done after every recession. >> because there is this focus on the fact that banks might use to refinance, but again, if it widens spreads, ultimately that should flow through to the broader economy. >> there are early indications it's already improved. >> thanks for your time this morning. and tokyo is to bes were tumb
CNBC
Sep 24, 2012 4:00am EDT
expected. s passage through parliament will take at least sick montx m and interventions could delay it further. held land oig told the reporters earlier the better and merkel disagreed. no point doing something quickly if it wasn't going to work. julian, how significant is this war of words and how significant is it if you don't have the banking unit in place by january? >> to me it illustrates the difficulties you have in building a much more integrated euro area. really the banking issue should have been dealt with before we had money to the union. i think the expectation was if you have a single currency you'll get the banking union, but of course there's a lot of turf involved in regulatory issues as well there are potential financial liabilities of considerable size. and it's really that latter point which i think is a sticky one at the moment. for example the german saving, banks are proud of the fact that they have their own system of regulating deposit insurance through guarantees, they don't want to be having a special extra people yum which could be used to bail out
Search Results 0 to 18 of about 19